https://www.taxtmi.com/caselaws?id=239006 The ITAT upheld the CIT(A)'s decision directing the AO to exclude telecommunication expenses and foreign currency expenditure from both export turnover and total turnover when computing deductions under section 10A of the Income Tax Act. The ITAT emphasized the need for maintaining parity between the two turnovers to align with the legislative intent of providing incentives for exporters. As a result, the revenue's appeals for the assessment years 2006-07 and 2008-09 were dismissed. en-us Fri, 24 May 2013 00:00:00 +0530 Tue, 29 Oct 2013 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239006 The ITAT upheld the CIT(A)'s decision directing the AO to exclude telecommunication expenses and foreign currency expenditure from both export turnover and total turnover when computing deductions under section 10A of the Income Tax Act. The ITAT emphasized the need for maintaining parity between the two turnovers to align with the legislative intent of providing incentives for exporters. As a result, the revenue's appeals for the assessment years 2006-07 and 2008-09 were dismissed. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239006